The activist investors have won, as McGraw-Hill’s board unanimously approved a plan to split the conglomerate into two companies, McGraw-Hill Markets and McGraw-Hill Education. What that really means is the slower-growing education business will be isolated from the more profitable financial and market-focused business. The actual division will not take place until the end of 2012, when MH Education will get a “tax-free spinoff” to shareholders. The independent McGraw-Hill Education will comprise their current education division, including the K-12, higher education and professional education business lines. A ceo will be hired for this new business, with current education president Robert […]
